Meta Platforms' Earnings Beat Expectations at $0.82, Profit Surges Above Forecasts

According to Meta Platforms' (NASDAQ: META) report, the earnings per share for the third quarter was $6.03, exceeding analysts' expectations of $5.21 by $0.82. The reported revenue for the quarter was $40.59 billion, while analyst expectations were set at $40.18 billion.

Guidance for Meta Platforms' fourth quarter of 2024 was set at $45.00 billion to $48.00 billion, compared to analyst estimates of $46.09 billion.

Meta Platforms closed the day at $592.06, indicating a 21.29% increase over the past three months. The stock has appreciated by 96.52% in the last 12 months.

In the last 90 days, Meta Platforms saw 23 positive earnings per share while experiencing 3 negative earnings per share.

You can review how Meta Platforms' stock price reacted to past earnings reports here. According to InvestingPro, Meta Platforms has a financial health score of "Good performance."

Explore the latest earnings reports and all financial information regarding Meta Platforms here. Stay updated on all developments related to balance sheets by visiting the Investing.com Earnings Calendar.